Blue Ribbon’s Weekly Market Update:
 
What has sold?
8 Homes have sold in Durango in the past week.
Homes were priced from $124k-$510k.
-Average list price was $289k
-Average sold price: $266, Median sold price was: $225k
-Average Days on market: 197
-Average sold price per square foot from these homes: $214.00
-3 homes were in town, the other 5 in rural Durango locations
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NEW – Blue Ribbon is expanding!  Our new real estate office opened in downtown Aztec on Main Ave today!
Located right downtown, on 205 Main Ave,  Aztec, NM, 87410, the new Blue Ribbon Properties office is serving San Juan County in New Mexico, including the Farmington and Aztec area. Owned by Stacy and Chris Engle and Claudia Williams, [...]

The overall forecast for 2010 is looking good.  All signs are pointing to improvement!  The phones have been ringing off the hook, buyers are looking at it’s the middle of winter -which is normally the down season!
Typically the activity over the holidays is slower because people are traveling and spending time with family and friends. [...]

With the holidays here and full on winter just outside our front door, we don’t expect too much activity over the next couple of weeks but people are still looking and calling with questions.
After the new year we do expect much higher numbers in buyers and sales.  The crowd of ski vacationers and family visits [...]

We had a big storm pull through this week, adding few feet of fresh powder to our little mountain town!  Everything has been painted a beautiful shade of white.  Meanwhile we are still here working hard!
Here is your weekly market update:
What has sold?
11 Homes have sold in Durango in the past week.  Homes were priced [...]

Blue Ribbon’s Weekly Market Update:
Busy Busy Busy…the holiday weekend last week was a little quiet but ever since we’ve come back to the office, it’s been double the work load!
We are here and ready for action.  Seems like the phones are ringing and buyers are looking.
* What has sold?

13 Homes have sold in Durango in [...]

I can’t say it enough…it’s a great time to buy!
There was an interesting article posted in this Sunday’s paper about the recent home sales in La Plata County.  The positive article brings up the recovery of the market and how the median home price is gradually falling.  Buyers are returning for the good deals and [...]

Coming into the holiday season, what’s new with the real estate market in Durango?
I feel as though the phones are not ringing as much as the last few weeks but we are still plenty busy and the deals from last month are still running towards the finish line and closing.  We expect it to slow [...]

What has sold in the last week?
15 Homes have sold in the last week. 7 were in town, the other 8 were in rural areas of Durango.
5 were Condo or Town homes, 2 manufactured homes and 8 were stick regular built homes.
-The average sold price: $415k.  (on a steady incline)
-Average Days on market: 238 (this [...]

Things are picking up some. Durango remains very popular. There were actually three closing over $1M last week! Here’s a link to all closed deals in the last 10 days.
You will notice is that none of them are very far off the asking price. If you are looking for the screaming deals, it’s not that [...]